REG - Sunda Energy PLC - Conversion of Loan Notes and Issue of Warrants

Sunda EnergyAnnouncement

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RNS Number : 5528E  Sunda Energy PLC  15 May 2026

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO
THE UNITED STATES, CANADA OR JAPAN.

 

15 May 2026

Sunda Energy Plc

("Sunda" or "Sunda Energy" or the "Company")

 

Conversion of Loan Notes and Issue of Warrants

 

Sunda Energy Plc (AIM: SNDA), the AIM-quoted oil & gas company focused on
the Asia-Pacific region, announces that it has received notice from Alumni
Capital (the "Investor"), who participated in the CLN Subscription as
announced on 8 April 2026, to convert £250,000 of the outstanding balance of
its Convertible Loan Notes plus a £25,000 Finance Charge (the "Conversion
Balance") into ordinary shares of 0.1 pence each in the Company ("Ordinary
Shares").

 

The conversion price of the Conversion Balance is 1.7827 pence (the
"Conversion Price"), which, in accordance with the terms of the Convertible
Loan Notes, is a 15% discount to the lowest daily volume weighted average
price on any of the 10 Trading Days prior to the issue of the conversion
notice (being 2.0973 pence).

 

Accordingly, the Company will issue 15,426,039 new Ordinary Shares (the "New
Ordinary Shares") to the Investor (the "Conversion").

 

In addition, the Company has granted 8,899,676 CLN Warrants to the Investor
pursuant to the Conversion. One CLN Warrant will entitle the Investor to
subscribe for one Ordinary Share, at a 30% premium to the Conversion Price,
being 2.3175 pence.

 

Details of the terms and conditions of the Convertible Loan Notes are outlined
in the Company's announcement released on 8 April 2026 and in the Company's
circular posted to shareholders on 9 April 2026.

 

Admission to AIM

 

Application will be made shortly to London Stock Exchange plc for the
15,426,039 New Ordinary Shares to be admitted to trading on AIM ("Admission").
It is expected that Admission will become effective and that dealings in the
New Ordinary Shares will commence on AIM at 8.00 a.m. on or around 21 May
2026.

 

Following Admission, the Company's issued share capital will comprise
400,941,457 Ordinary Shares. The Company does not hold any Ordinary Shares in
treasury. This figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.

 

Capitalised terms in this announcement have the meaning ascribed to them in
the announcement released by the Company on 8 April 2026.

 

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This announcement is not
an offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration.
No public offering of securities is being made in the United States.

 

For further information please contact:

 Sunda Energy Plc                                                   Tel: +44 (0) 20 7770 6424

 Andy Butler, Chief Executive

 Rob Collins, Chief Financial Officer

 Allenby Capital Limited (Nominated Adviser and Joint Broker)       Tel: +44 (0) 20 3328 5656

 Nick Athanas, Nick Harriss, Ashur Joseph (Corporate Finance)

 Kelly Gardiner (Sales and Corporate Broking)

 Hannam & Partners Advisory Limited (Advisor and Joint Broker)      Tel: +44 (0) 20 7907 8502

 Neil Passmore (Corporate Finance)

 Leif Powis (Sales)

 Celicourt Communications (Financial PR and IR)                     Tel: +44 (0) 20 7770 6424

 Mark Antelme, Philip Dennis, Charles Denley-Myerson                sunda@celicourt.uk

 

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